Archive May 2013 in our Blog
Cost is a factor for most people in deciding where to go to school, but with your financial aid package, you could end up paying far below sticker price. The equation used to calculate financial need is: COA-EFC=Financial Need. COA (cost of attendance) is the summation of all expected yearly expenses of attending of attending a particular college or university. COA includes tuition, room, board, books/supplies, transportation and other personal expenses. EFC (expected family contribution) is the amount your family is expected to contribute toward your education based off of your family’s financial strength, and it is calculated by filling… Read more here!
On Monday, April 29th the Department of Education announced adjustments to the 2014-2015 FAFSA, influencing the future financial aid eligibility for children of gay parents. To qualify for all major forms of financial aid, it is necessary that students submit the FAFSA (free application for federal student aid.) The FAFSA is intended to assess a family’s financial strength, and translate that into a monetary value that the family is capable of supplementing toward their child’s education. That value is also known as their EFC or expected family contribution, and is directly related to the amount of financial aid they will… Read more here!
Going to college is becoming increasingly unaffordable for many American families. According to a report by the National Center for Public Policy and Higher Education, college tuition and fees have stunningly increased nearly 570 percent over the past 30 years. An American family, on average, is expected to pay $9,000 a year for an in-state public college and more than $30,000 for a private college. Obviously, this is a huge difference for a lot of families, who are responding to the price jump by giving up the option of going to private colleges. There has been a substantial decrease in… Read more here!